“Cannabis Group Of The Year: Dykema”

Law360 profiled Dykema’s Cannabis Industry Group as part of its recognition as a “Practice Group of the Year” in Cannabis Law for 2025. Dykema was one of only a select few firms recognized in this category. This marks the third time in the past four years that the firm has earned this recognition.

In the profile “Cannabis Group Of The Year: Dykema,” Law360 covered the firm’s major achievements in regulatory, transactional, and litigation matters within the cannabis sector. The story highlighted the group’s role as co-counsel to the Michigan Cannabis Industry Association in a challenge to Michigan’s 24% wholesale marijuana tax, a matter currently pending in state appellate court. The article noted that the tax’s structure—including the use of an administratively determined “average wholesale price”—is creating operational and pricing pressures across the industry while driving complex compliance and transactional considerations.

Law360 also emphasized the firm’s work supporting significant industry transactions, including advising First Property Holdings in its $8 million acquisition of the dispensary operator doing business as Uplift’N (Rize dispensaries). The profile observed that broader economic conditions in Michigan’s cannabis market—including oversupply and pricing compression—are contributing to increased consolidation, distressed business activity, and M&A opportunities.

According to the article, the group’s work reflects the firm’s full-service approach to the cannabis sector, combining regulatory counseling, litigation strategy, and transactional support to help clients navigate a rapidly changing legal and tax environment.